The US Securities and Exchange Commission (SEC) has announced the end of its investigation into Consensys’ “Ethereum 2.0”. Teresa Goody Guillén, a partner at BakerHostetler and former SEC litigation attorney, stated that this does not necessarily mean that the commission believes Ether is not a security. However, it does provide another data point that the SEC has concluded not to file a lawsuit alleging that Ethereum is a security.
An anonymous former SEC enforcement attorney suggested that the decision to drop the investigation may be due to the high litigation risk involved. They stated, “I think an important point to remember is that a closure doesn’t necessarily mean that they’ve decided this isn’t a security. They may have just decided they don’t want to take the risk of filing a lawsuit.”
Source Link: https://www.theblock.co/post/301270/sec-closed-the-book-on-its-ethereum-2-0-in…
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Original Article Link: https://www.bitpush.news/articles/6899080
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